Denomination: Camps to tap the unbanked

In this regard, labour ministry is organising camps at the district-level through its organisations — ESIC, EPFO and Labour Officers — in coordination with district magistrates for opening of the bank accounts.

By: ENS Economic Bureau | New Delhi | Published:December 1, 2016 4:40 am

In the wake of scrapping of old high-denomination notes, the labour ministry has launched an initiative to open bank accounts of workers in unorganised and organised sectors.

“We have started this campaign from November 26, 2016 in respect of workers of organised and unorganised sectors who do not have bank accounts,” labour minister Bandaru Dattatreya said.

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In this regard, labour ministry is organising camps at the district-level through its organisations — ESIC, EPFO and Labour Officers — in coordination with district magistrates for opening of the bank accounts.

So far 15,134 camps have been held in the country, of which 2,324 camps were organised by EPFO, 2,878 camps by ESIC and 9,284 camps by chief labour commissioner, the minister said.